acquisition

Hisense will soon run Sharp’s TV business in America

Hisense will soon run Sharp’s TV business in America

It isn't just smartphones anymore. Hisense, a popular Chinese appliance and white goods manufacturer, is joining the big leagues when it comes to making and selling high-end TVs in America. But it will do so not through its own power but through buying Sharp's manufacturing plant in Mexico and using its TV brand in both North and South America. With this, Hisense plans to rub shoulders with the likes of Samsung, LG, Sony,and Panasonic, in what is just the latest wave of Chinese brands trying to vie for a piece of the global market.

Continue Reading

German car consortium ready to pay for Nokia’s HERE maps [UPDATE]

German car consortium ready to pay for Nokia’s HERE maps [UPDATE]

If this latest bit is true, Nokia might soon finally be able to unburden itself of yet another business tangential to its new found focus in networking technology. As earlier reported, a consortium of German automobile makers, namely Daimler, BMW, and Audi, are looking into purchasing Nokia's HERE maps business. Now it seems that the ball has started rolling, as the companies are said to have agreed to dole out 2.9 billion EUR, roughly $3.2 billion, to buy out what is probably the third, or even second, most popular map and navigation product in the market.

Continue Reading

Yahoo to acquire social shopping service Polyvore

Yahoo to acquire social shopping service Polyvore

Yahoo is gobbling up businesses, and there’s no sign of that slowing down. The latest among its business deals is an agreement to buy the social shopping website Polyvore. The details of the upcoming acquisition’s financial terms were not given, and the deal is said to be subject to certain unspecified closing conditions. Polyvore’s co-founder Jess Lee praised the deal, saying, “I’m delighted to join Yahoo.” Polyvore's service will keep operating after the Yahoo acquisition goes through.

Continue Reading

Google buys Pixate to ease the pain of designing mobile apps

Google buys Pixate to ease the pain of designing mobile apps

While few will probably contest the technical capabilities of Android, the platform and its apps has traditionally been criticized for its less than pleasant aesthetics. That all changed in the era of Material Design and now Google is taking it one step further. It has just acquired Pixate and its prototyping software of the same name. This adds a new tool to Google's belt of design and development apps and services that make creating mobile apps less of a chore and more of a joy.

Continue Reading

360fly acquiring VSN Mobil: VR environment converges

360fly acquiring VSN Mobil: VR environment converges

At this point in the quickly-evolving environment of consumer virtual reality, we're already seeing major convergence. This means companies - like Microsoft and Oculus, Oculus and Facebook, and Microsoft and Valve VR - are high-fiving one another to bring more compatible experiences to the public. Both companies benefit. The consumer benefits. The same this is true of this week's news: the company 360fly will be acquiring VSN Mobil's 360-degree hardware. One hardware company acquires the other and they create a super team that'll make a far better experience for the end user.

Continue Reading

Verizon’s $4.4B acquisition of AOL is officially complete

Verizon’s $4.4B acquisition of AOL is officially complete

U.S. telecom Verizon has announced that its buyout of AOL for $4.4 billion in cash has now been completed. As a result of the completed deal, AOL shares will no longer be traded on the stock market, as the company is now Verizon's wholly owned subsidiary. All of AOL's outstanding shares were purchased by Verizon at a price of $50 each. As was mentioned when the purchase was first announced last month, AOL's main value to Verizon is as a large ad network.

Continue Reading

ASUS reportedly considering HTC acquisition

ASUS reportedly considering HTC acquisition

There could be a shake-up on the horizon for two of Taiwan's biggest tech manufacturers. On Friday, ASUS Chairman Johnny Shih made comments about acquiring HTC, iterating that it was an option that hasn't been ruled out. So, nothing is confirmed at this point, but it sure sounds like a good match on paper. PC-maker ASUS would get a decent leg up in the smartphone market, and HTC has been really struggling this year with steep financial losses, and the company latest flagship, the One M9, has largely been a disappointment.

Continue Reading

Comcast tipped in agreement to acquire Visible World

Comcast tipped in agreement to acquire Visible World

A source has cropped up claiming that Comcast has entered into an agreement to acquire Visible World, a television advertisement targeting firm — something that, if the deal becomes official, will boost Comcast’s advertising efforts. Visible World is based out of New York and is a firm that opens up avenues for marketers to hawk products to more relevant audiences based on data acquired from their set-top boxes and more. Such could usher in more targeted advertisements on Comcast's cable service.

Continue Reading

ThinkGeek is now being bought by GameStop

ThinkGeek is now being bought by GameStop

Last week the big news was that "alternative" mall retailer Hot Topic was buying ThinkGeek, the popular internet shop. Well, it turns out that the parent company of ThinkGeek, GeekNet, have had a change of heart, and will instead be selling to GameStop, one of the country's largest video game retailers. The reason for that change of heart? Money, of course. GameStop swooped in and outbid Hot Topic at the last minute, making an offer valued at $140 million.

Continue Reading

Microsoft tipped to buy 6Wunderkinder for to-do lists galore

Microsoft tipped to buy 6Wunderkinder for to-do lists galore

Sources suggest that Microsoft's next acquisition in the mobile space is of "to-do list" startup company 6Wunderkinder. This purchase would have the company giving its mobile app collection another boost, tying together several services into one that'll touch them all. This would be the third in a quick succession of acquisitions of mobile-based app makers for Microsoft, including New York-based Sunrise Atelier, Inc., and San Francisco-based Acompli. It's been suggested by an anonymous source that the acquisition of 6Wunderkinder will be announced at between $100m and $200m.

Continue Reading

Intel acquires Altera in $17bn IoT gadget play

Intel acquires Altera in $17bn IoT gadget play

Computer processor maker Intel acquires fellow chip-maker Altera in effort to combine technologies and lead the market through the future. Suggesting that this combination "harnesses the power of Moore's Law to accelerate Altera's existing businesses," Intel has announced that they'll acquire the company for $16.7 billion in an all-cash transaction. This combination will allow the companies to "make the next generation of solutions not just better," said Brian Krzanich, CEO of Intel, "but able to do more." This is the dawn of something greater and far more customizable than past products with either company on their own.

Continue Reading

Social network Path sold to Korea’s Daum Kakao

Social network Path sold to Korea’s Daum Kakao

Path, that social network with a focus on mobile sharing that not too many people use, has just announced that it has bought by Daum Kakao, a South Korean internet and mobile company. Dave Morin, Path's founder and CEO, revealed the news on the company's blog, adding that both Path Talk and the main Path app will continue to operate under Daum Kakao, as well as receive updates for the foreseeable future. The financial details of the deal were not revealed, however.

Continue Reading

1 2 3 4 5 Next